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Feb 11, 2013
02/13
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collecting taxes. that's part of this governance issue. they can't collect taxes, they very well can't sustain all the things we are building for them. and that's a serious problem. whether it i wish and if a property taxes or whatever the answer, i don't know. got explained my roll. i don't develop the programs. i don't develop policy. i don't do foreign policy. i don't of military. i don't the military tactics. once congress and the executive branch decide what the policy or program is, we didn't see how well it is done. if there's problems we make recommendations. so going back to the taxation issue, it's a critical issue. right now the afghan government, what they collect is about $2 billion a year. just paying for the afghan national security forces, is over 4 billion. then you at all those other programs. so the problem is you can see there's a delta between what the afghans collect and the cost of running their government, the cost of fighting the taliban, and possibly maintaining order there. t
collecting taxes. that's part of this governance issue. they can't collect taxes, they very well can't sustain all the things we are building for them. and that's a serious problem. whether it i wish and if a property taxes or whatever the answer, i don't know. got explained my roll. i don't develop the programs. i don't develop policy. i don't do foreign policy. i don't of military. i don't the military tactics. once congress and the executive branch decide what the policy or program is, we...
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Jun 12, 2013
06/13
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bigger tax avoidance of eyes to their donors. tax avoided because of what labour adviser to do. frankly i can't comment on because this is the money in the health service. in order to gain the training of young people. [shouting] when you get the money back. yes so now? will you? it's very simple. this is what the labor leader said. in the guardian, there must be truth. tax avoidance is a terrible thing. if everyone approaches their tax affairs for some companies have approached their tax affairs, we wouldn't have a health service. we wouldn't have an education system. that is the shameful state of the labour party today. [cheers and applause] across the country, investing 22 billion pounds last year and understand into social care. [inaudible] [shouting] >> we could start with the money from labor tax avoidance. that's money that should be going into the care system. that's money that should be going into the national health service. this government has the 12.7 billion pounds extra into our nhs. that is how we are supporting terrorists. but she can have a word with the chancel
bigger tax avoidance of eyes to their donors. tax avoided because of what labour adviser to do. frankly i can't comment on because this is the money in the health service. in order to gain the training of young people. [shouting] when you get the money back. yes so now? will you? it's very simple. this is what the labor leader said. in the guardian, there must be truth. tax avoidance is a terrible thing. if everyone approaches their tax affairs for some companies have approached their tax...
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Jan 31, 2013
01/13
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credit against their employment taxes against their w-2, instead of their income tax liability. that opens this credit to new companies who don't yet have an income tax liability. there's lots of companies we could point to, let me pick one example. denovix, a small business based in my home state of delaware, is developing instrumentation in bioresearch with a team that includes molecular biologists and engineering professionals. the managing director of denovix, fred killhorn, says the legislation we're introducing today would help that company to offset some of the costs of bringing new innovative technology-based products to market. and for that, this bill earned his strong support. he's just one of many. there's a remarkable list of outside groups, companies and organizations that have supported it. i'll mention a few. silicon valley leadership group, revolution led by steve case, the founder of aa.o.l., the delaware state chamber of commerce, the association for manufacturing technology, the american small manufacturers coalition, and bio, a national organization that supp
credit against their employment taxes against their w-2, instead of their income tax liability. that opens this credit to new companies who don't yet have an income tax liability. there's lots of companies we could point to, let me pick one example. denovix, a small business based in my home state of delaware, is developing instrumentation in bioresearch with a team that includes molecular biologists and engineering professionals. the managing director of denovix, fred killhorn, says the...
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Feb 5, 2013
02/13
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we do tax returns were living and we liked tax advisor services your and so in our business, we are not a products company your car business is people, people with knowledge, ideas, innovation, helping clients solve their most challenging management and technology problem. from around the world. with people who have industry expertise that we deploy in every time and quick manner. and time and speed is everything. so within our broad workforce, our larger u.s. workforce, you know, we complement our u.s. workforce with foreign workers. and mobility is very important, so we hire people from college campuses on -- we also use immigrant visas as well and green card. for people on h-1bs, or people, citizens working with deloitte. and then we also use, we look at people who have expertise and specialized knowledge from around the world that we can bring into the united states. so we leverage other -- but it really is a matter of leveraging those to ensure that our clients receive the most timely modern and technology process so they can innovate as best as they can. you know, we all know the
we do tax returns were living and we liked tax advisor services your and so in our business, we are not a products company your car business is people, people with knowledge, ideas, innovation, helping clients solve their most challenging management and technology problem. from around the world. with people who have industry expertise that we deploy in every time and quick manner. and time and speed is everything. so within our broad workforce, our larger u.s. workforce, you know, we complement...
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Jan 15, 2013
01/13
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let me ask you about tax reform. he told "politico" last week that a balanced approach are facing sequester with spending cuts and revenue should accelerate tax reform and i believe it's fully possible this year for work on a bipartisan basis, unquote. how does that square with the people who say tax reform is going to lose out because of scheduling and it's asinine anemones sequestering house republicans concern that if they do anything on tax reform that they may leave themselves open to the senate not taking action and therefore have taken an unpopular vote for no reason. why are you optimistic on tax reform? >> first of all, we have to resolve this debt crisis in terms of sequestration in the full faith and credit of the u.s. in the next six weeks. we are going to accomplish tax reform in the next six weeks. so we have a deadline but i think cannot be simply be moved for what we need to do in the next six weeks. and so, that will leave us adequate time to tackle longer range problems. we are not going to accompli
let me ask you about tax reform. he told "politico" last week that a balanced approach are facing sequester with spending cuts and revenue should accelerate tax reform and i believe it's fully possible this year for work on a bipartisan basis, unquote. how does that square with the people who say tax reform is going to lose out because of scheduling and it's asinine anemones sequestering house republicans concern that if they do anything on tax reform that they may leave themselves...
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Jun 25, 2013
06/13
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tax system and personal income tax. they interagent so it makes sense to do them together. there's a lot of interest in the congress. it's always difficult because of the interest groups, but it's certainly priority of the treasury secretaries. >> john, the last question, quick one. >> sir, you talked about stabilizing the debt to gdp ratio. i wanted to follow-up -- follow up on that. is stabilizing the debt to gdp ratio good enough in the long run for the u.s. economy, or does it need to be reduced? if yes it'sed good enough, explain why, and if, no, it meeds to be reduced, explain how. >> i think it's necessary. i think as an economist, it's preferable to be in a situation where debt a lower. for no other reason, there could be a crisis down the road. when i left government in the mid-1990s, we were on the way to surpluses that turned it deficits. it would have been much easier to address the financial economic crisis with an environment where we still had surpluses. for that reason, economists prefer to have lower de
tax system and personal income tax. they interagent so it makes sense to do them together. there's a lot of interest in the congress. it's always difficult because of the interest groups, but it's certainly priority of the treasury secretaries. >> john, the last question, quick one. >> sir, you talked about stabilizing the debt to gdp ratio. i wanted to follow-up -- follow up on that. is stabilizing the debt to gdp ratio good enough in the long run for the u.s. economy, or does it...
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Jul 3, 2013
07/13
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first, we need tax reform. and not just lowering rates, although that's important since our tax rates are now the highest in the world, but radical simplification. tax reform has bipartisan support now, but i am in particular heartened by the efforts of senator orrin hatch and max baucus, two good friends of mine and two good men who are starting with the fundamental notion that they are going to wipe out every loophole and deduction in the tax code. for years i have been saying the only way to do this is to lower every rate and close every loophole. because, let's face it, the loopholes mostly benefit those in big. maybe there are a few loopholes that you would let come back in. but what hatch and baucus understand is if you say they all go, then the burden of proof is on those who must argue to put them back in. we not only need lower tax rates, we need radical simplification of this tax code to that an entrepreneur doesn't look at it and say, oh, my gosh, i can't possibly understand 26,000 pages and give up
first, we need tax reform. and not just lowering rates, although that's important since our tax rates are now the highest in the world, but radical simplification. tax reform has bipartisan support now, but i am in particular heartened by the efforts of senator orrin hatch and max baucus, two good friends of mine and two good men who are starting with the fundamental notion that they are going to wipe out every loophole and deduction in the tax code. for years i have been saying the only way to...
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May 3, 2013
05/13
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obamacare being seen as job destroyer, taxes, some of the issues that xavier brought up. you know, you are a history person, the structure create by the heritage foundation as a rebuttal to hillary care in the 1990s. the conservative concept which became . >> romney in massachusetts. >> it was adopted by romney in massachusetts. >> right. >> and has been tested by the person you work for. what we understand the massachusetts model worked reasonably well. there's issues here and there. as they suggested been adjusting it. >> if it's not some -- first of all asiding not you have to know. explain the paradox of having created a system which becomes unacceptable to the people who created it. what is the solution. >> i think some people at the heritage foundation would strategic. i think there's a big argument what they propose is nothing like obamacare. with governor romney you can invite him and have him speak. what he would say is that, again it's a state. you can't -- the country doesn't fit in a one size fits all model. there's different issues. i think beyond the big iss
obamacare being seen as job destroyer, taxes, some of the issues that xavier brought up. you know, you are a history person, the structure create by the heritage foundation as a rebuttal to hillary care in the 1990s. the conservative concept which became . >> romney in massachusetts. >> it was adopted by romney in massachusetts. >> right. >> and has been tested by the person you work for. what we understand the massachusetts model worked reasonably well. there's issues...
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Jan 22, 2013
01/13
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deficits, but just increase taxes and more spending. history shows us that every time money is raised in washington, d.c., more money is spent by washington, d.c. the revenues we need to balance our books are not increases in taxes but revenues coming from a strong and growing economy. to turn our economy around and put people back to work, congress and the administration should be implementing policies that encourage job creation, rein in government regulations, replace our convoluted tax code with one that is fair, simple and certain, open foreign markets to american manufactured goods and agricultural products and develop a comprehensive energy policy. we are not immune from the laws of economics that face every nation. the congressional budget office estimates that government spending on health care entitlements, soegts security and -- social security and interest on the national debt will consume 100% of the total revenues generated by the federal government by the year 2025. that means the money that the government spends on natio
deficits, but just increase taxes and more spending. history shows us that every time money is raised in washington, d.c., more money is spent by washington, d.c. the revenues we need to balance our books are not increases in taxes but revenues coming from a strong and growing economy. to turn our economy around and put people back to work, congress and the administration should be implementing policies that encourage job creation, rein in government regulations, replace our convoluted tax...
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Jan 2, 2013
01/13
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it's hemorrhaging revenue to tax gap, tax havens, abusive tax shelters. i've shown many times on the floor of the senate a picture of a little five-story building in the cayman islands called uggland house. uggland house claims to be the home to 18,000 companies. a little five-story building claims to be the home of 18,000 companies. all say they're doing business out of that building. i've said many times, that's the most efficient building in the world. how can 18,000 companies being -- be doing business out of a little five-story building down in the cayman islands? they're not doing business out of that building. the only business they are doing is monkey business. and the monkey business they're doing is to avoid the taxes they owe in the united states through shell games in which they show their profits in the cayman islands, where happily there are no income taxes to impose on those earnings. so they are avoiding showing their income here and putting it in the cayman islands, where they can shield it from taxation. we also desperately need to resto
it's hemorrhaging revenue to tax gap, tax havens, abusive tax shelters. i've shown many times on the floor of the senate a picture of a little five-story building in the cayman islands called uggland house. uggland house claims to be the home to 18,000 companies. a little five-story building claims to be the home of 18,000 companies. all say they're doing business out of that building. i've said many times, that's the most efficient building in the world. how can 18,000 companies being -- be...
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Feb 14, 2013
02/13
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tax more. that is not where this country should be going. i reject that as the right approach. and particularly, it's contrary to the steps we took in august. one reason the agreement was reached on the fiscal cliff in early january this year was that we had spending cuts last augu august, and they got some tax increases in january. but not more. and those tax increases should have been for the purpose of reducing debt, not funding new spending. to sum up the matter, in august of 2011, congress and the president agreed and passed legislation to reduce by a small amount the growth of federal spending from $47 trillion to $45 trillion. the spending of the united states would increase approximately $8 trillion instead of $10 trillion. that would not damage american government. we certainly should be able to function as a nation with that kind of substantial increase in spending. and it's happening every day in cities and counties and states throughout america. they're dealing with far worse reduct
tax more. that is not where this country should be going. i reject that as the right approach. and particularly, it's contrary to the steps we took in august. one reason the agreement was reached on the fiscal cliff in early january this year was that we had spending cuts last augu august, and they got some tax increases in january. but not more. and those tax increases should have been for the purpose of reducing debt, not funding new spending. to sum up the matter, in august of 2011, congress...
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Jan 16, 2013
01/13
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we already took a step in that direction in the tax reform bill that we pass the tax bill, the so-called p's provision. we have to look at it better. there's a proposal, and where's the budget? well, the president had in budget proposals a 28% limit on deductions itemized deductions, and i think we need to look at that, but carefully, charitable contributions, for example, mortgage interests, state and local taxes so that's a major area and the president proposed essentially $600 or $700 billion in ten years from that areament i don't think we can now obtain that much even if we adopt the president's 28% limit, but -- >> host: why not? >> guest: why not? because i think we have to look at the impact on charitable contributions. most -- half of the charitable contributions in the country, a lot of us, most contribute something, but a lot comes from the very wealthy. i think we need to be careful we don't come too -- come down too hard -- >> host: we need more coffee. >> guest: we have to look at that, and, also, let me mention interest. most viewers probably don't know what carrieded inte
we already took a step in that direction in the tax reform bill that we pass the tax bill, the so-called p's provision. we have to look at it better. there's a proposal, and where's the budget? well, the president had in budget proposals a 28% limit on deductions itemized deductions, and i think we need to look at that, but carefully, charitable contributions, for example, mortgage interests, state and local taxes so that's a major area and the president proposed essentially $600 or $700...
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Jul 25, 2013
07/13
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the size and complexity of the tax code adds to the tax burden on the economy. the code contains 55,600 pages, i'm told, taking into account all explanatory materials and i.r.s. rulings, the standard federal tax reporter comprises 70,000 pages. mr. president, even the easiest tax form -- the 1040-ez -- runs 46 pages. the total cost of complying with the individual and corporate tax requirement in this country was $168 billion last year. and according to the i.r.s. taxpayer advocate, there has been approximately 4,680 changes to the tax code since 2001. the tax code, mr. president, is filled with various credits, deductions, and corporate welfare. analysis by the joint committee on taxatio taxation finds that e so-called tax expenditures total $1.3 trillion. we could drastically simplify the tax code and lower individuals' rates by eliminating these provisions alone. unfortunately, president obama's approach to taxes is the same as his approach to spending: more, more, more. but no structural reforms that would help establish the conditions for job creation and e
the size and complexity of the tax code adds to the tax burden on the economy. the code contains 55,600 pages, i'm told, taking into account all explanatory materials and i.r.s. rulings, the standard federal tax reporter comprises 70,000 pages. mr. president, even the easiest tax form -- the 1040-ez -- runs 46 pages. the total cost of complying with the individual and corporate tax requirement in this country was $168 billion last year. and according to the i.r.s. taxpayer advocate, there has...
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Mar 21, 2013
03/13
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this is a tax that taxes innovation, increases health care costs and also is a tax that kills good-paying american jobs. finally, we want the new medical devices to be developed here in this country. we don't want them to be developed in europe because of an onerous tax. what we're going to see is that americans are going to have less access to the very new and best products because it's going to become too costly in this country for new companies to develop those products and for start-ups. and at the end of the day it will be sad for americans. so i would urge my colleagues to support senator hatch's amendment and again thank him for his leadership. thank you, mr. president. the presiding officer: who yields time? mr. sessions: mr. president? the presiding officer: the senator from alabama. mr. sessions: mr. president, i think we had a confusion on the time here. i had reserved ten minutes. i had 17 under the motion. and i think there's been a confusion about it. what is the status of the time? i would ask that i be allowed to have ten minutes. the presiding officer: the time until 8:10
this is a tax that taxes innovation, increases health care costs and also is a tax that kills good-paying american jobs. finally, we want the new medical devices to be developed here in this country. we don't want them to be developed in europe because of an onerous tax. what we're going to see is that americans are going to have less access to the very new and best products because it's going to become too costly in this country for new companies to develop those products and for start-ups....
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Aug 13, 2013
08/13
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and how much does the state debt and taxes? in taxes? i think it is disgraceful they get any money since andrew cuomo is passing anti-gun laws for the town may be benefiting but as far as the state getting money, i think that is disgraceful. of the last question, i don't know the exact tax revenue. i would tend to agree. about this. remington along with many new england gun manufacturers are getting offers constantly from the southern states, south carolina is stealing the manufacturing and so is taxes and they are doing this actively. when you have a highly skilled work force that has been there a long time and a town that supports them, you don't about . want to move out. the remington of view is that we don't want to help new york out that we don't like dole all but our view is to repeal it. host: he talked about the union that's involved there, the united mine workers and what are they involved? then he also talked about the technology that is being used to create these guns and ifthe that means they are hiring less people on the lin
and how much does the state debt and taxes? in taxes? i think it is disgraceful they get any money since andrew cuomo is passing anti-gun laws for the town may be benefiting but as far as the state getting money, i think that is disgraceful. of the last question, i don't know the exact tax revenue. i would tend to agree. about this. remington along with many new england gun manufacturers are getting offers constantly from the southern states, south carolina is stealing the manufacturing and so...
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Feb 1, 2013
02/13
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, higher taxes lead to greater economic distortions. again suppressing gdp. and again those facts are not in the basic cbo projection but our fiscal future is much scarier than he usually cbo shows. as government spending grows in coming decades, gdp will be suppressed more and more. it will sort of be like a fiscl death spiral in coming decades unless we make major reform. so those are the big picture problems of federal spending, and these are often discussed by budget wonks and others in washington. however, all federal spending is spending on particular programs. spending is not just bad because it leads to these overall macro economic problems. spending a many hundreds of particular federal program caused damage to society and harm individual freedom and grid all kinds of other problems. so the issue with federal spending on the federal budget is not just the question of whether $3.6 trillion is too much to spend this year. but the problem is whether spending on the hundreds of particular federal programs causes damage to society a
, higher taxes lead to greater economic distortions. again suppressing gdp. and again those facts are not in the basic cbo projection but our fiscal future is much scarier than he usually cbo shows. as government spending grows in coming decades, gdp will be suppressed more and more. it will sort of be like a fiscl death spiral in coming decades unless we make major reform. so those are the big picture problems of federal spending, and these are often discussed by budget wonks and others in...
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Jan 17, 2013
01/13
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of us like the tax code. when you talk about the ability to broaden the base, lower the rate and raise revenue, that is a pretty good system. it's pretty desirable to think about how to reform the tax code. but there are a lot of tough things when you talk about the specifics and the fact we need to deal with the mortgage deduction for state and local taxation then capping the discretionary you don't have to talk about a single specific policy. taxing the 1% is easy even if you are the 1% its current take more of that to fix the problem. now it's the hardest part so it's how we are going to unravel the next steps. clearly the next piece is going to have to focus on entitlement reform that's the biggest tax. we have to reaction moments coming up next months, the sequester that the extended for two months and it has broad base across-the-board spending cuts which is a wrong way to do policy. we are dealing with a tough recovery we want to phase in all these gradually and pick and choose and policy makers to pic
of us like the tax code. when you talk about the ability to broaden the base, lower the rate and raise revenue, that is a pretty good system. it's pretty desirable to think about how to reform the tax code. but there are a lot of tough things when you talk about the specifics and the fact we need to deal with the mortgage deduction for state and local taxation then capping the discretionary you don't have to talk about a single specific policy. taxing the 1% is easy even if you are the 1% its...
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Jun 27, 2013
06/13
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other tax -- or preferences that some refer to as tax expenditures. mr. baucus: mr. president, i might say this blank slate is want, of course, the end of the -- is not, of course, the end of the discussion. we don't just clear the decks and stop. some of the revisions in the code obviously serve very important objections and that's why they're there in the first place. and some we will need to keep, clearly. why? to make sure the tax code is at least as progressive after tax reform as it is today. and i want to emphasize this approach is just a starting point. it's not a proposal. this is just a good, fair, balanced way, a good-faith way, including all members of the senate to get started, and we believe it's going to lead to a solution kind of the way that bertrand russell suggested -- you've got to state the problem in a way it's going to lead to a solution. we think this is a good way to get to that solution. mr. hatch: mr. president, indeed, we both believe that some existing tax expenditures should be preserved in some form. but the tax code is
other tax -- or preferences that some refer to as tax expenditures. mr. baucus: mr. president, i might say this blank slate is want, of course, the end of the -- is not, of course, the end of the discussion. we don't just clear the decks and stop. some of the revisions in the code obviously serve very important objections and that's why they're there in the first place. and some we will need to keep, clearly. why? to make sure the tax code is at least as progressive after tax reform as it is...
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May 2, 2013
05/13
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tax codes. we just raise the top rate on the individual side which affects every past sole proprietorship, every partnership. they all now have higher marginal tax rates. a perfectly intellectually-clean tax reform, the ones on a blackboard, recognizes that we've got these small businesses, large businesses differences, and tries to get the same base, have the same rates. that's a comprehensive scheme. something dave camp in the house of representatives is very interested in. >> right. >> it runs right into the political reality of the moment that the president just went north when that reform requires going south. so you have to ask yourself what are the chances of getting that over the finish line. and so, you know, as a handicapper, i'd have to say corporate-only reform looks better at the moment simply because of those stats. >> and we're going to circle back to handicapping, but there's so much agreement on this panel, i'm going to have to force some disagreement, and i'm going to start her
tax codes. we just raise the top rate on the individual side which affects every past sole proprietorship, every partnership. they all now have higher marginal tax rates. a perfectly intellectually-clean tax reform, the ones on a blackboard, recognizes that we've got these small businesses, large businesses differences, and tries to get the same base, have the same rates. that's a comprehensive scheme. something dave camp in the house of representatives is very interested in. >> right....
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Apr 22, 2013
04/13
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use taxes. furthermore, the creation of this new enforcement scheme will create significant new incentives for states to establish new sales taxes and new use taxes and also to increase the tax rates that exist now for these particur items. ultimately, the marketplace fairness act is going to require consumers to pay an additional $22 billion in sales taxes they have never had to pay before. in fact, unless the u.s. pursues ngents to govern theteonal et economy, the types of arrangements sought by chierch d a host of other states, foreign internet retailers will only continue to have the carpet testify advantage -- competitive advantage that the marketplace fairness act would artificially provide them. that, mr. president, is not what the moron economy needs. that's not what what's going to promote online innovation in vavment irhope my colleagues will oppose this marketplace fairness act. it is premature. it is more than anything else, mr. president -- it is coercive. it is coercive. now, we're
use taxes. furthermore, the creation of this new enforcement scheme will create significant new incentives for states to establish new sales taxes and new use taxes and also to increase the tax rates that exist now for these particur items. ultimately, the marketplace fairness act is going to require consumers to pay an additional $22 billion in sales taxes they have never had to pay before. in fact, unless the u.s. pursues ngents to govern theteonal et economy, the types of arrangements sought...
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Feb 6, 2013
02/13
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so the tax cut the income tax cut. the consumption tax area, if you think about what we do in terms of facing a benefits of the texas cement phasing out and making his eligible for all of our peas number of transfer systems we allowing income commander at going to allow consumption among a million dollars in income but you only consumed 10,000, so we're trying to give you an earned income tax credit. so we still rely upon the income system have all but the notion begin abandon income accounting and simplify and purify the tax system in this transfer systems over here that no longer have the income accounting is not going to work. the accountable care act. it was helpful for welfare reform and tax reform all at once because their is a huge knew tax system on income imposed upon people getting a subsidy. another dollar of income and after lose another $0.9 of health benefit. the notion you can convert to a consumption tax and now worry about these other accounting issues is somewhat of a myth. >> straight out of joe's bu
so the tax cut the income tax cut. the consumption tax area, if you think about what we do in terms of facing a benefits of the texas cement phasing out and making his eligible for all of our peas number of transfer systems we allowing income commander at going to allow consumption among a million dollars in income but you only consumed 10,000, so we're trying to give you an earned income tax credit. so we still rely upon the income system have all but the notion begin abandon income accounting...
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Apr 5, 2013
04/13
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the new tax revenue including a new cigarette tax. in what the white house is portraying as a cover budget. the story goes on to say that the controversial element of the president's proposal is inclusion of the chain cpi. the adjustment that would over time reduce cost of living increases to social security and other federal benefit programs. effectively, a cut to social security benefits by tieing in to inflation. on capitol hill both the house and the senate have already each approved different budgets for next fiscal year. [inaudible] [inaudible conversations] [inaudible conversations] [inaudible conversations] [inaudible] [inaudible conversations] [inaudible conversations] [inaudible conversations] [inaudible conversations] [inaudible conversations] [inaudible conversations] >>> as we wait for the panel to get started. new information about tonight on c c-span. husband and wife documentary producers -- talk about their film. it addresses what they say is misinformation about the process of hydraulic fracking for natural gas and s
the new tax revenue including a new cigarette tax. in what the white house is portraying as a cover budget. the story goes on to say that the controversial element of the president's proposal is inclusion of the chain cpi. the adjustment that would over time reduce cost of living increases to social security and other federal benefit programs. effectively, a cut to social security benefits by tieing in to inflation. on capitol hill both the house and the senate have already each approved...
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Jun 12, 2013
06/13
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and medicare taxes. second, the bill does not require the payment of all back taxes legally owed. what it requires is the payment of taxes previously assessed by the internal revenue service. well, there is a lot of problems with -- with people -- with the i.r.s. assessing somebody for taxes if they have been in the underground, just as an example. so in order to assess taxes, it's quite obvious the i.r.s. first must have information on which to base its assessment. our tax system is largely a voluntary system, relying upon everybody to self-report their income on their tax return, but it also relies on certain third-party reporting such as wage reporting by employers. that's why we get a w-2 form at the end of every year, so that the i.r.s. knows and we know exactly what we owe and what we paid and figure out what more we might owe or how much we might get back. if someone has been working unlaw friday in this country and working off the books, it is likely that neither an individual return or a third-p
and medicare taxes. second, the bill does not require the payment of all back taxes legally owed. what it requires is the payment of taxes previously assessed by the internal revenue service. well, there is a lot of problems with -- with people -- with the i.r.s. assessing somebody for taxes if they have been in the underground, just as an example. so in order to assess taxes, it's quite obvious the i.r.s. first must have information on which to base its assessment. our tax system is largely a...
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Mar 14, 2013
03/13
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seasked them to please shut theu tax takes because we understand the negative effect our taxes would have on our fragile o economy and the millions of americans still looking for alr work. it's also because we know washington democrats gotd rememe $600 billion in taxes they demanded earlier this year.han and $1 trillion they got in taxes from obamacare timegot in taxes from obamacare we tried that. in fact, at a time when americans believe about half of every dollar they send to washington is wasted, the democratic budget would increase democratic budget would increase they nearly 62%. it. and it will let medicare and social security drift ever closer to bankruptcy. and then there's the democrats' $1.5 trillion tax hike. that's trillion with a "t." let me just repeat that. any senator who votes for that budget is voting for a $1.5 trillion tax hike, the largest tax hike in american history. so the senate democrat budget is more than just disappointing. it's extreme. extreme. it's really one of the most extreme, most left-wing budgets of the modern era. it says something, i think, abo
seasked them to please shut theu tax takes because we understand the negative effect our taxes would have on our fragile o economy and the millions of americans still looking for alr work. it's also because we know washington democrats gotd rememe $600 billion in taxes they demanded earlier this year.han and $1 trillion they got in taxes from obamacare timegot in taxes from obamacare we tried that. in fact, at a time when americans believe about half of every dollar they send to washington is...
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Apr 24, 2013
04/13
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it is a question of sales tax or no sales tax. what the oregonians suggested to us is what they consider to be a perfect solution. remove any requirement for their internet retailers to collect sales tax from anybody. therefore, there be no federal mandate. well, let me remind them. there is no federal tax in this bill. there is no new tax in this bill. state and local, or federal. all we're asking for is the basics. the oregonians want to sell in an adjoining state like california, they'll collect the sales tax owed to california and pay it back. then i listened to him describe how onerous this would be. right now ebay, which is no friend of this bill, ebay offers a service available to businesses that they can buy that will tell them the exact sales tax to be collected based on your zip code and address, and that service cost -- listen to this onerous cost -- $15 a month. $15 a month. if you want to go to the highest cadillac version, $140 a month, less than $2,000 a year. incidentally, in our bill, we require the states that ar
it is a question of sales tax or no sales tax. what the oregonians suggested to us is what they consider to be a perfect solution. remove any requirement for their internet retailers to collect sales tax from anybody. therefore, there be no federal mandate. well, let me remind them. there is no federal tax in this bill. there is no new tax in this bill. state and local, or federal. all we're asking for is the basics. the oregonians want to sell in an adjoining state like california, they'll...
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Feb 7, 2013
02/13
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notes while taxes are set to jump above their historic level, the added revenue from taxes that rose due to operation of law last month, it will mean almost nothing when it comes to dealing with america's long-term fiscal challenges. that's because c.b.o. has also warned that spending which already exceeds the historic average will continue its unsustainable climb in the years ahead. in fact, over the next decade, red ink will spike by trillions to levels unseen in peacetime america. if interest rates go up, as most expect, it will be even harder for young americans to purchase a home. c.b.o. warns that if interest payments on our debt skyrocket, it will be even more difficult to guarantee the eventually availability of social security and medicare for today's graduates. and if wages fall as a result of the smaller economy that comes from the government's increased debt payments, then we can be quite certain today's generation will know less prosperity than their parents did. these are just some of the negative consequences of failing to get spending under control. things are set to
notes while taxes are set to jump above their historic level, the added revenue from taxes that rose due to operation of law last month, it will mean almost nothing when it comes to dealing with america's long-term fiscal challenges. that's because c.b.o. has also warned that spending which already exceeds the historic average will continue its unsustainable climb in the years ahead. in fact, over the next decade, red ink will spike by trillions to levels unseen in peacetime america. if...
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Jul 10, 2013
07/13
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new tax, new debt, just closing the tax loophole, not exactly a radical notion. i will do all i can to ensure the senate will find its way to long-term answers. we will not give up on this issue. seven million students and their families are waiting. waiting for predictability, waiting for more affordable education, and control of spiraling costs. they and their families do the heavy lifting. every day, we should lend them a hand. the average college senior has over $26,000 in debt at graduation. some have much more. the burden is heavy enough. we should not be adding to it now. mr. president, i yield back. the presiding officer: the senator from florida. mr. rubio: thank you for the opportunity to speak on this issue which is clearly important to millions of americans and one that i'm too familiar with. i think i've shared this in the past personally but i'll share it again. obviously my parents didn't make ale lot of money so i would not have gone to college, would not have gone to law school had it not been for federal financial aid in the form of pell grants
new tax, new debt, just closing the tax loophole, not exactly a radical notion. i will do all i can to ensure the senate will find its way to long-term answers. we will not give up on this issue. seven million students and their families are waiting. waiting for predictability, waiting for more affordable education, and control of spiraling costs. they and their families do the heavy lifting. every day, we should lend them a hand. the average college senior has over $26,000 in debt at...
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Jun 6, 2013
06/13
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now, less taxes equals more jobs. more taxes equals more jobs. mr. markey has voted to raise taxes over 300 times in his career. that might be a world record in the congress. you can't name a single time, congressmen, that you didn't vote to increase taxes to go against your party. now, i give you credit for inventing the internet over 20 years ago. but the reality is that over the last 20 years, you have not offered maquis single piece of legislation that is and signed into law to be the private sector, where i come from coming you know, that is the last thing you would do is ask for a raise or even a promotion. and that's the difference between you and i come congressman markey. i come from the private sector. i understand the middle class and what they need. the need jobs and lower taxes, which is why i think we should have a comprehensive tax reform on the business side. >> moderator: rebuttal. >> markey: you couldn't be more wrong. in the last few years i passed a bill that created the requirement that we actually have a plan to find the cure fo
now, less taxes equals more jobs. more taxes equals more jobs. mr. markey has voted to raise taxes over 300 times in his career. that might be a world record in the congress. you can't name a single time, congressmen, that you didn't vote to increase taxes to go against your party. now, i give you credit for inventing the internet over 20 years ago. but the reality is that over the last 20 years, you have not offered maquis single piece of legislation that is and signed into law to be the...
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Jan 24, 2013
01/13
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as you can see, even if you have got all the tax increases, the president got all the tax increases that he wanted, this represents this line right here, it still doesn't come anywhere close to dealing with the spending that is going to explode in the out years if we don't do something to reign that in by reforming many of these programs that i just mentioned. if we're going to save and protect social security and medicare for future generations, we have to reform those programs in a way that doesn't create this huge red line that spikes into the future and literally bankrupts the country. in fact, social security ran a cash deficit in 2010. medicare, we're told by the actuaries, will be insolvent by the year 2024, and in fact in the hospital portion of the medicare trust fund we're told may be insolvent by the year 2016. so these are important dates to remember, because those are the dates at which the revenue coming in from the payroll taxes that support social security and medicare no longer pay for the benefits that are paid out to beneficiaries. and so, you know, we have got this so
as you can see, even if you have got all the tax increases, the president got all the tax increases that he wanted, this represents this line right here, it still doesn't come anywhere close to dealing with the spending that is going to explode in the out years if we don't do something to reign that in by reforming many of these programs that i just mentioned. if we're going to save and protect social security and medicare for future generations, we have to reform those programs in a way that...
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Jul 9, 2013
07/13
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it includes higher taxes. you're going to see effects all across the economy when it comes to jobs as people cut back and start forcing people into part-time jobs so they are not hit with the employer mandates under this legislation. so it affects jobs, it affects economy, we have a sluggish economic growth rate, it's now been adjusted down to 1.8% in the last quarter. we continue to sort of muddle along. and one of the reasons for that, madam president, is because we here in washington, d.c., continue to pile more and more costs on the -- on employers trying to do business in this country. until we understand that if we're going to create jobs and grow the economy in this country, we have got to make it less difficult and less expensive for employers and job creators to create jobs, we're going to continue to see this trend in the future. and so i would simply say that -- to my colleagues here in the senate and to the administration that if you are going to delay implementation of the employer mandate for a y
it includes higher taxes. you're going to see effects all across the economy when it comes to jobs as people cut back and start forcing people into part-time jobs so they are not hit with the employer mandates under this legislation. so it affects jobs, it affects economy, we have a sluggish economic growth rate, it's now been adjusted down to 1.8% in the last quarter. we continue to sort of muddle along. and one of the reasons for that, madam president, is because we here in washington, d.c.,...
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Jan 3, 2013
01/13
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we all knew that the tax hikes the president campaigned on were never going to solve the problem. now that he's got them, he has a responsibility to put his preoccupation with taxes behind him and to work with us to actually solve the problem at hand, so it's time to face up to the fact that our nation is in grave fiscal danger, grave fiscal danger, and that it has everything to do with spending. this is a debate the american people want us to have. the president liked to point out on the campaign trail that most americans supported the idea of taxing the rich. what he conveniently left out is that even more americans support the idea of cutting spending. one recent survey i saw said about 3/4 of all americans say they want to see major spending cuts in washington. and when you look at some of the things washington has been wasting their dollars on, it's no wonder. i mean, if we can't stop spending taxpayer dollars on robosquirrels and dancing robot deejays or hot air balloon rides for smokey the bear, then there is no hope at all, because if we can't fix the easy stuff, the robos
we all knew that the tax hikes the president campaigned on were never going to solve the problem. now that he's got them, he has a responsibility to put his preoccupation with taxes behind him and to work with us to actually solve the problem at hand, so it's time to face up to the fact that our nation is in grave fiscal danger, grave fiscal danger, and that it has everything to do with spending. this is a debate the american people want us to have. the president liked to point out on the...
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Jun 13, 2013
06/13
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taxes and local property taxes income sales auto and utility taxes. so i hope that we can keep these facts and statistics in mind as we enter into this historic debate on how to overhaul our nation's immigration laws. we should avoid stereotyping and generalizations in this debate. but more importantly i want to put a human face on these facts and statistics. so i will share two stories of individuals who came in contact with our office. these two i think are representative of literally millions of people. we hear the numbers but when we listen to the stories and look at the faces of people involved, we know that we have to act. so the first is about e. gerald gomez, age 20 years of age who was originally from india. i am going to quote. my own story started in 1994 when i came to this country in the arms of my parents. i was only a year and a half. my parents came from india and bangladesh hoping to provide me with opportunities something they didn't have growing up in poverty in their homes. my earliest memory in life is growing up in maryland in th
taxes and local property taxes income sales auto and utility taxes. so i hope that we can keep these facts and statistics in mind as we enter into this historic debate on how to overhaul our nation's immigration laws. we should avoid stereotyping and generalizations in this debate. but more importantly i want to put a human face on these facts and statistics. so i will share two stories of individuals who came in contact with our office. these two i think are representative of literally...
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Apr 9, 2013
04/13
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in new taxes, in new revenue. so when the word came out that the president's budget was going to include another $1 trillion in new taxes on top of the $1.7 trillion already mentioned, you start asking the question, at what point does this really do serious harm to the economy? at what point do we get to that juncture where you've got so much burden, so many new taxes, new regulations imposed upon our economy that it becomes just increasingly difficult if not impossible to create jobs and get the economy growing at a faster rate? in fact, if what we're hearing and reporting at least at this point is $1 trillion in new taxes overall, you would have a $600 billion number in terms of deficit reduction, but because the president's budget we're told replaces the sequester, which had $1.2 trillion in spending cuts, if there are just $600 billion in deficit reduction, what that essentially means is all the deficit reduction is in the form of higher taxes. you've got a trillion dollars in new taxes, $600 billion in defici
in new taxes, in new revenue. so when the word came out that the president's budget was going to include another $1 trillion in new taxes on top of the $1.7 trillion already mentioned, you start asking the question, at what point does this really do serious harm to the economy? at what point do we get to that juncture where you've got so much burden, so many new taxes, new regulations imposed upon our economy that it becomes just increasingly difficult if not impossible to create jobs and get...
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Feb 20, 2013
02/13
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i was favorable of the tax certificate and what you could get on the tax deferment. i would like to see more ownership and the access to capital. i can't own a television station in all due respect. i don't have the capitol to do it, and i think a lot of minorities and a lot of average people can't own a television station and physics limit the number of stations that you can have in a marketplace. so given the fact there are fewer stations then people would like to have, it means that when you come to take up these issues they become very tortured, very controversial and there's a constituency out there that is going to lobby the commission. by the way, congress gets into the act in a very big way. writing to the commission, telling the commission don't make any changes in these rules, and i think there for it's been almost impossible to get changes through. .. now we have digital television. what you tell us a bit about possible new standards. >> okay. you know, the standards that many of the folks and certainly myself grope with, so called in tnc standards were se
i was favorable of the tax certificate and what you could get on the tax deferment. i would like to see more ownership and the access to capital. i can't own a television station in all due respect. i don't have the capitol to do it, and i think a lot of minorities and a lot of average people can't own a television station and physics limit the number of stations that you can have in a marketplace. so given the fact there are fewer stations then people would like to have, it means that when you...
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May 6, 2013
05/13
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the house leadership is not fond of tax increases or anything perceived as a tax increase. there's concern about the invitation of the bill itself, how difficult it would be for online retailers. but i think it's fair to say this is something that has momentum, it's going to get a strong look. if it doesn't happen this year i think it's something we could see in the next year or two. >> host: what is the name of the vehicle or the bill that they are debating? >> guest: it's called the marketplace fairness act and that's part of their income of fairness. they say between online retailers and brick-and-mortar retailers. mike enzi, lamar alexander and dick durbin and senator in the particular has been focused on this issue for something like a dozen years. this is something that's been around since the mid '90s. senator durbin is a very passionate. in the house would've represented steve womack, a republican who is also very strongly of the bill. >> host: why steve womack, a republican from arkansas. is there a wal-mart factor? >> guest: wal-mart is very strong in favor of thi
the house leadership is not fond of tax increases or anything perceived as a tax increase. there's concern about the invitation of the bill itself, how difficult it would be for online retailers. but i think it's fair to say this is something that has momentum, it's going to get a strong look. if it doesn't happen this year i think it's something we could see in the next year or two. >> host: what is the name of the vehicle or the bill that they are debating? >> guest: it's called...
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May 9, 2013
05/13
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it can't be easy to stand strong for a plan that asks the middle class to foot the bill for more tax breaks for the rich. a politically unsustainable position rejected by the voters. it can't be easy to stand up for the meat-ax cuts of the sequester which guts the safety net which protects the elderly, poor, the middle class, veterans and sometimes the helpless. nor is it possible -- or is it possible republicans are hoping to delay compromise long enough to create another manufactured crisis as a nation once again approaches default on its bills? americans are tired of the knock-down, drag-out debt ceiling battles that cost our economy billions of dollars last year. middle-class families have been through enough economic turmoil. it is unbelievable that republicans would once again hold the full faith and credit of our government hostage. so i hope my republican colleagues will come to their senses. the way to put our nation on sound fiscal footing is to set aside this obstruction and set sensible poll -- policy through regular order in the senate process, not through dangerous host
it can't be easy to stand strong for a plan that asks the middle class to foot the bill for more tax breaks for the rich. a politically unsustainable position rejected by the voters. it can't be easy to stand up for the meat-ax cuts of the sequester which guts the safety net which protects the elderly, poor, the middle class, veterans and sometimes the helpless. nor is it possible -- or is it possible republicans are hoping to delay compromise long enough to create another manufactured crisis...
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Jun 17, 2013
06/13
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taxes. now, the earned income tax credit is available only to families that are working and paying payroll taxes. not some kind of giveaway. you will be working and paying taxes. the i.t.c. is a core part of the tax code. like any other tax credit that adjusts federal tax liability based on family circumstance. it's not, it's never been considered public benefit, but some amendments have been filed seeking to deny the eitc for all registered immigrants for eternity, even after they have obtained legal status. one of these amendments was offered during the committee process. we rejected it. i was strongly opposed to any amendment to deny hardworking families from participating in these tax credits when they are paying payroll taxes. you know, we give huge tax benefits and loopholes to billionaires. yet a hard-working family, shouldn't they be entitled to these tiny benefits that are dwarfed by what we give to millionaires? let's start paying attention to the people who really need our help. s
taxes. now, the earned income tax credit is available only to families that are working and paying payroll taxes. not some kind of giveaway. you will be working and paying taxes. the i.t.c. is a core part of the tax code. like any other tax credit that adjusts federal tax liability based on family circumstance. it's not, it's never been considered public benefit, but some amendments have been filed seeking to deny the eitc for all registered immigrants for eternity, even after they have...
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Jun 26, 2013
06/13
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as a result, we know that the earned-income tax credit is not a tax deduction. it's a direct tax -- a direct check from the united states treasury to people based on lower incomes. it's a welfare-type payment, and it's not a tax deduction-type situation. so that was a disappointment in committee that the group promise were violated and they have been blocked ben on the floor. one -- they have been blocked again on the floor. one more thing i want to say. i don't appreciate the idea that no matter what would happen, members on this side said they would not vote for the bill. that's not true. we can and need, and need badly, an immigration bill that would improve the immigration system of america, put us on a sound course for the future, would provide compassionate status for people who are here illegally, put them in a way that they don't have to be deported. and i will support that and have said that for years actually. and have said that through this process. let me tell you what the united states customs -- citizenship and immigration officers association wrot
as a result, we know that the earned-income tax credit is not a tax deduction. it's a direct tax -- a direct check from the united states treasury to people based on lower incomes. it's a welfare-type payment, and it's not a tax deduction-type situation. so that was a disappointment in committee that the group promise were violated and they have been blocked ben on the floor. one -- they have been blocked again on the floor. one more thing i want to say. i don't appreciate the idea that no...
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Mar 25, 2013
03/13
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all the taxes. they just audit some of the taxes. you accept the taxes and they audit some that enables the system to function. and in the va, they should considering the 98% of the claims get approved in the end, we should be simply taking all the new claims, approving them to a minimum level, auditing a small subset and giving them a final resolution within five years. the medical system, blue cross blue shield processes 30 million medical claims a year. they do 99% of them within thirty days. we should be able to dot same thing. so those are some of my suggestions. yes, the gentleman in the yellow tie? that's you. and then i'll go . >> hugh -- [inaudible] i'm a veteran who is getting care at the local va, and really one of the biggest hazards sometimes the claims person who determines what kind of claim you get. -- [inaudible] i had a stroke, they didn't increase my a lotment but anyway getting back to it is something like you have in the regular community. the nonveterans and now the iraqi-afgha
all the taxes. they just audit some of the taxes. you accept the taxes and they audit some that enables the system to function. and in the va, they should considering the 98% of the claims get approved in the end, we should be simply taking all the new claims, approving them to a minimum level, auditing a small subset and giving them a final resolution within five years. the medical system, blue cross blue shield processes 30 million medical claims a year. they do 99% of them within thirty...
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Jan 18, 2013
01/13
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tax base. without taxes best of services. you may hate taxes, you may never want to pay taxes, but the bottom it is for governments in the united states, for local and state governments without tax revenue, you cease to fight essential services, right? develop the tools to give them how to look at the resiliency of the tax base and their exposures. understand after disaster is much easier to make big financial changes. but in small incremental changes, how do you look at decisions you're making to say that if something happened, our tax base is resilient enough we can survive. or we are so exposed to this that if it happens, we need to understand what those consequences mean. and so the issue about rebuilding affordable housing, maybe is not a good idea to rebuild it with their most affordable at. but you can't zone and out of your community. this is one of the things we've seen is what i call the benign neglect, where local officials have areas of poverty and in the disaster they say that's pr
tax base. without taxes best of services. you may hate taxes, you may never want to pay taxes, but the bottom it is for governments in the united states, for local and state governments without tax revenue, you cease to fight essential services, right? develop the tools to give them how to look at the resiliency of the tax base and their exposures. understand after disaster is much easier to make big financial changes. but in small incremental changes, how do you look at decisions you're making...
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Aug 5, 2013
08/13
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who had state income taxes. if you didn't, you didn't benefit from the proposal. in the statute that we're talking about today we said if you do what we want you to do, you'll get the full medicaid allotment of dollars, but if you don't to what we want you to do, you don't get the medicaid dollars at all, contrary to the larger purpose of providing care to everything in america, not only will you not get care tomorrow, we'll take the dollars you use to get care today, and the supreme court said that was an outrageous use of federal power. seems like there's lots of examples in the history, and in our present of using the tax code to treat some people in some states differently than we do people in other state, and to use the affordable care act as a hammer, not an approach, but the stick. did you consider those things -- do you agree with my analysis of those two circumstances as they exist today, and did you consider those in the analysis that you performed? congressman, yes, we are aware of the provisions that
who had state income taxes. if you didn't, you didn't benefit from the proposal. in the statute that we're talking about today we said if you do what we want you to do, you'll get the full medicaid allotment of dollars, but if you don't to what we want you to do, you don't get the medicaid dollars at all, contrary to the larger purpose of providing care to everything in america, not only will you not get care tomorrow, we'll take the dollars you use to get care today, and the supreme court said...
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Apr 22, 2013
04/13
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provision on the comprehensive tax reform act. we must also address japan's own entitlement reform to put the growth of the government previously at the toronto g20 meetings, japan pushed fiscal consolidation together with other member nations. we aim at halving the primary balance ratio to gdp by fiscal year 2015 from that in 2010. we also aim at achieving primary balance surplus by 2020. we are going to publish medium-term fiscal consolidation plan around the middle of this year. the second downside risk of interest rate hike is avoidable. economics should take a deep -- [inaudible] th order for the economy to seek gr finally, before conclusion let me say only a few words about what kind of country japan ought to be. japan must be a place where -- [inaudible] meets effort. japan must be a place where risk takers can be given the opportunities not just once, but many times. both of ex-prime minister present a chance for second coming in japan. japan must be a place where animal spirit in the sense of john maynard keynes used invi
provision on the comprehensive tax reform act. we must also address japan's own entitlement reform to put the growth of the government previously at the toronto g20 meetings, japan pushed fiscal consolidation together with other member nations. we aim at halving the primary balance ratio to gdp by fiscal year 2015 from that in 2010. we also aim at achieving primary balance surplus by 2020. we are going to publish medium-term fiscal consolidation plan around the middle of this year. the second...
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Feb 21, 2013
02/13
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credit, the federal tax credit. then if you have an electric vehicle, you will also, um, instead of paying a vehicle registration fee every year, you can pay every two years. so that's kind of a nice incentive. on the education side, we've been putting together electric vehicle forums all over the state where we usually have state agencies represented, um, and various folks talking about the industry. we've done them sort of all over the state already, and we usually get pretty good attendance. so as i mentioned before, so what we're doing at the state level with our agencies is so far we've purchased 15 mitsubishi -- [inaudible] we went out for bid a few times, and the mitsubishi continued to be the cheapest electric vehicle that responded to the bid. so we bought 15 of those. they're at various agencies. so far we've never had a vehicle run out of juice. no one's been stranded. so we're excited about that. we usually do some training with them before they go out on the road. i try and show them how to use a quick
credit, the federal tax credit. then if you have an electric vehicle, you will also, um, instead of paying a vehicle registration fee every year, you can pay every two years. so that's kind of a nice incentive. on the education side, we've been putting together electric vehicle forums all over the state where we usually have state agencies represented, um, and various folks talking about the industry. we've done them sort of all over the state already, and we usually get pretty good attendance....
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Aug 20, 2013
08/13
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so why was i pay all this money in taxes? >> when should government be involved with the rich person? >> government should be there for the indigent and the poor. i think men should be there as a framework for how we conduct business and really a structure for society. when you read the constitution, that's what the founding fathers really at mind. i don't think government is there to necessarily popov assault. because then there would not be a safety net left for the people in life really needed. people who are disabled, people who fall on hard times and need a little help along the way. but i feel as though government now has grown so much beyond what our founding fathers wanted to be. by the people for the people. it is really a framework for how we live our life and conduct business. >> go back to that table used to sit around at home. where was it, and to set around it and what did your mom and dad do or what do they do? >> i grew up in richmond, virginia. the cable was the kitchen table. we all got home from school, my
so why was i pay all this money in taxes? >> when should government be involved with the rich person? >> government should be there for the indigent and the poor. i think men should be there as a framework for how we conduct business and really a structure for society. when you read the constitution, that's what the founding fathers really at mind. i don't think government is there to necessarily popov assault. because then there would not be a safety net left for the people in life...
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Jun 17, 2013
06/13
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is the best investment of american tax dollars we could possibly make. i support it wholeheartedly and i thank s today. and i yield back the balance of our time and suggest the absence of a quorum. the presiding officer: the clerk will call the roll. quorum call: a senator: madam president? the presiding officer: the senator from new mexico. mr. udall: madam president, i ask to vitiate the quorum call. the presiding officer: without objection. mr. udall: and i ask to speak as if in -- with -- within morning business. the presiding officer: without objection. mr. udall: thank you, madam president. like many others, i'm deeply disturbed by the current situation in syria, the appalling atrocities, the tragic loss of life, the reported use of chemical weapons. this deserves the clear condemnation of the international community. but i am also concerned by the push for intervention in this war, by the rush to judgment for the united states to yet again become entangled in a civil war. the president has decided to send arms to the rebels to fight the government
is the best investment of american tax dollars we could possibly make. i support it wholeheartedly and i thank s today. and i yield back the balance of our time and suggest the absence of a quorum. the presiding officer: the clerk will call the roll. quorum call: a senator: madam president? the presiding officer: the senator from new mexico. mr. udall: madam president, i ask to vitiate the quorum call. the presiding officer: without objection. mr. udall: and i ask to speak as if in -- with --...
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Jun 20, 2013
06/13
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it's land that because it can't be taxed cannot provide tax revenue for local governments to fund fire departments, police services and schools. it has other implications, too, when the federal government owns this much land. you know, it's significant that about 40% of the land along our border is owned by the federal government. and it's significant that along a lot of that stretch of border, federal agents from the bureau -- the bureau of customs and border protection or c.b.p. are not allowed to do their job. even our own federal officers sometimes can't do that which they really need to do, which they've sworn an oath to do, at least not very be effectively. for the simple reason that this is federal land and there are a whole host of environmental restrictions that often accompany the use of federal land or trancing on -- traversing on federal land of any kind. this is foreign to many of my colleagues, many of whom come from states where there is very little federal land. in every state west of the rocky mountains the federal government owns 15% or more of the land in those state
it's land that because it can't be taxed cannot provide tax revenue for local governments to fund fire departments, police services and schools. it has other implications, too, when the federal government owns this much land. you know, it's significant that about 40% of the land along our border is owned by the federal government. and it's significant that along a lot of that stretch of border, federal agents from the bureau -- the bureau of customs and border protection or c.b.p. are not...
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May 15, 2013
05/13
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actually know what taxes are going to look like? not just this week or this month or just this year, but how about for some certainty going -- going forward? i think there's a lot of wisdom in what he -- what he said. as some other folks have been talking about here on the floor today when we weren't passing the water resources development act bill -- good, bipartisan bill. i think a responsible bill. an encouraging step, if you wi -- will. but in between, we have had other people talking about on one side or the other moving forward on a budget. some have talked about other issues that are in the news these days. i just want to follow up on some of the earlier conversations today with -- with respect to demonstrating that we can govern, that we can be fiscally responsible and that we can provide some certainty with respect to the tax code. folks that might be listening in to what's going on in this senate this afterno m not know the way the budget process works. this is budget 101. in my old role as state treasurer for delaware and
actually know what taxes are going to look like? not just this week or this month or just this year, but how about for some certainty going -- going forward? i think there's a lot of wisdom in what he -- what he said. as some other folks have been talking about here on the floor today when we weren't passing the water resources development act bill -- good, bipartisan bill. i think a responsible bill. an encouraging step, if you wi -- will. but in between, we have had other people talking about...
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Jan 7, 2013
01/13
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the tax reform was going to be the way that they can bring taxes back onto the table. but yes, with all due respect to john, i don't think cutting spending is the way to go. obviously we need to have some cuts to defense is the first thing to come to mind but also i think we need to broaden the tax code and bring in more taxes from the wealthy and look at that side of the aisle as well. >> host: i want to follow up on the initiative coming up in washington. on on friday a mess nbc morning show a lot of conversation weighing in on the relationship between the democratic leaders who said your former boss harry reid and the president. she made the comment that she doubts that harry reid has ever been to camp david with president obama. >> guest: i can assure you with 100% accuracy that senator reid has never been to camp david with the president. nor do i necessarily think he wants to go to camp david but leaving that aside, look, they have a very good relationship. they work very closely together. they have many disagreements that they have are usually kept behind closed
the tax reform was going to be the way that they can bring taxes back onto the table. but yes, with all due respect to john, i don't think cutting spending is the way to go. obviously we need to have some cuts to defense is the first thing to come to mind but also i think we need to broaden the tax code and bring in more taxes from the wealthy and look at that side of the aisle as well. >> host: i want to follow up on the initiative coming up in washington. on on friday a mess nbc morning...
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Sep 26, 2013
09/13
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, who provide critical taxes. the secondary effect is they can't do their jobs so other things stall, and then the local vendors in the communities who rely on the government contractors lose their birks and i--lose their business, and it a downward spiral. everyone here, particularly the chairmen and women of the committees, recognize this. i have the privilege of chairing the interior appropriations subcommittee, and a shutdown would be very, very disruptive. for example, lease sales and permits for oil, gas, coal, and other minerals on federal lands and waters will be stopped. processing onshore oil and gas drilling applications will stop. processing applications for permits to drill offshore will stop. review and approval of offshore exploration and development plans will stop. what will be the effect? well, this will delay revenue, obviously. both for the federal government and for the private sector, for those private entrepreneurs who are out there investing their own capital to try to develop natural resou
, who provide critical taxes. the secondary effect is they can't do their jobs so other things stall, and then the local vendors in the communities who rely on the government contractors lose their birks and i--lose their business, and it a downward spiral. everyone here, particularly the chairmen and women of the committees, recognize this. i have the privilege of chairing the interior appropriations subcommittee, and a shutdown would be very, very disruptive. for example, lease sales and...
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Aug 14, 2013
08/13
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you will have to tax that back in two years' time, all of it. that is the law. >> we are going to help the individual at the law to the front gym where they're filling out taxes in navigating through the exchange understand whether they have an employer project plant. >> said the you've already answered the question. if you don't have an employer mandate in the tool and the data which you claim you need to verify this you're going to have a lot of people getting subsidies they're not supposed to get an annual at them with a big tax bill and about two years to call it back because the law requires you to do that. i yield back. >> that was a portion of a recent capitol hill hearing looking at the implementation of the health care law. that is the topic during tonight's town hall meeting, and we will take your phone calls, facebook comments, and tweets. it all gets underway at 7:00 p.m. eastern on c-span. >> tonight on c-span encore presentation of first ladies. >> it is unusual that somebody should come to queen victoria in such a way, but i think
you will have to tax that back in two years' time, all of it. that is the law. >> we are going to help the individual at the law to the front gym where they're filling out taxes in navigating through the exchange understand whether they have an employer project plant. >> said the you've already answered the question. if you don't have an employer mandate in the tool and the data which you claim you need to verify this you're going to have a lot of people getting subsidies they're...